Powerball Drawing Time For $550 Million Lottery Set For 10:59pm EST

Obviously you went out and bought a Powerball Lottery ticket and you want to know the one thing that millions of other people do. What are the winning numbers? We can’t tell you that but we can tell you when the Powerball drawing time is set: 10:59pm EST (9:59pm CST, 8:59pm MST, 7:59 PST). The drawing times are important to know because sales are stopped 59 minutes before the draw according to the Powerball website.

Every Wednesday and Saturday night is when the balls are drawn on live television for people to learn the winning numbers. In January 2012 of this year the Powerball raised it’s ticket prices from $1 to $2. At first it was reported that the price increase decreased sales but it wasn’t long before reports started coming out about increases. On February 12th, 2012 the AppleValley-Rosemount Patch news organization stated Minnesota State Lottery officials saying, “The most recent same-day, same-jackpot size comparison shows that sales are up over 20 percent.” In Rhode Island the Providence Journal said that the price increase took RI tickets for the Powerball and pushed sales at a 25 percent increase.

Sales of Powerball tickets have now gone through the roof surpassing any historical Powerball payout. Just this morning the Powerball Jackpot was listed at $500 million dollar payout but after brisk sales and lines at registers buying up tickets it raised by $50 million in less than 24 hours. What has people even more excited is that the total payout is still increasing for the Powerball beyond the $550 million stated amount from this afternoon.

Powerball winning numbers tonight 5 23 16 22 29 PB 06

If you can’t get to a TV broadcasting the drawing you can check back here at Z6Mag and we’ll have an article on the frontpage with the winning numbers.

Your odds of winning the Powerball have improved with the price increase to 1 in 175 million. If you were to win the $550 million prize, it didn’t increase in payout and you took the cash option you’d get $360.2 million before Uncle Sam took his share. No matter what happens, if you have the winning ticket you’ll be rich no matter what. Good luck!